Excerpt from Oversight Hearing on the Mutual Fund Industry: Hearing Before the Subcommittee on Securities of the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Third Congress, First Session on the Importance of Mutual Funds to the Economy Since the beginning of 1992, an average of $1 billion of new money each business day has flowed into mutual funds. These are staggering numbers, numbers that certainly are one of the factors that led us to convene this hearing this morning. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.